Senate Democrats Won't Rule Out Millionaires Tax Next Year To Pay For Longer Payroll Tax Cut

Senate Majority Leader Harry Reid signaled on Friday that Senate
Democrats may still push a millionaires surtax to pay for a
year-long extension to the payroll tax cut.

In a press conference minutes after the Senate approved a
two-month extension to tax break, Reid said "there is
nothing off the table," when asked if he may still push the
measure, which had proved to be a major sticking point with House
Republicans at reaching a long-term deal from the start.

Coming off a victory over House Republicans — Democrats' clearest
legislative win this year — Reid is showing no signs of dropping
the issue.

"I've talked to Senate Republicans, plural, who think that
there should be a fair tax on rich people," he said.

But most House Republicans remain opposed to such a tax,
setting the stage for yet another fight over the payroll tax cut
after the new year — barely 9 months before the presidential
election.